All Forum Posts by: Joey Shaw

What sites/resources does everyone use to find rental properties? I'm in Maine, hunting around the Augusta/Kennebec County area. It seems like 75% of what I have been looking at have been pending by the time I look at them (within a couple days of me finding them) and 100% of the ones worth putting an offer in have already been under contract within a matter of a couple days after I find them online. 

Any tips/tricks/suggestions for finding them quicker would be much appreciated.

I've been considering direct mail to possibly get some off-market interest, but that won't be for another couple of months, after my wife and I have our first kiddo.

Thanks in advance for any guidance!

- Joe

 Thanks Bethany! Sending you a message. 

 Hey Ed. Sending you a message.

 I have spoken to a few so far and they say theyre willing to work with me, but need to see the rental history first.

I'm wanting to get into the rental market in Maine but it doesn't seem like its worth it with the selling prices still high mixed with the rental prices for current tenants in those units being low, so I'm open to other options as well.

^ if my intention is to buy, rent, and hold for 3-5 years...

Thank you very much for the info and encouragement! Would yall suggest starting with multi or single family homes if I'm looking for the highest return? Or does it just depend? I'm seeing a lot of stuff in the central US. 

Hello,

I'm working to get into the rental market. So far all I have is a $60k HELOC that I intend on using as a downpayment (or down payments). I have spoken to a couple local banks and they won't give me an approval without rental history on the properties I'm looking at first. I have been looking at places around me because I thought it would be the best way to learn, but I'm in Maine and it isnt a super populated place and all the multifamilies are extremely old.

Am I going about this the wrong way? I'm open to starting out of state but don't even know where to begin, or if that would be the right thing to do. 

Any tips on securing financing or finding the right place in the right spot would be greatly appreciated.

Thank you,

Joe